Page 2808 - Company News

Phoenix Mills signs term sheet with GIC for mixed-use retail platform

The assets include Phoeix Mills' Mumbai (Kurla), Pune malls and Mumbai (Kurla) offices having a total leasable area of 3.36 million sq ft

As world grapples with tech monopolies, can India's hard cap be a solution?

The country's unique approach is to decree limits on fintech competitors from the start

Vodafone Idea bites the bullet on tariff hike as firm struggles to pay dues

The latest move, even if it is symbolic, is the first rate hike after the one announced end of 2019

Paytm waives charges on merchant transactions; to absorb MDR of Rs 600 cr

This is to support micro, small and medium enterprises (MSMEs) during the ongoing pandemic the company said.

Khatabook rolls out app for micro-entrepreneurs to manage staff, payments

Khatabook is looking at leveraging its user-base to push the new app as it targets 1 million users over the next two months.

American fast food firm Wendy's, Rebel Foods to open 250 cloud kitchens

Rebel Foods is the world's largest operator of online restaurants with over 300 cloud kitchens across India, UAE, South East Asia and the United Kingdom

Flipkart India revenue grew 12% to Rs 34,610 cr in FY20; losses dropped 18%

The company's total expenses for the year were reported at Rs 37,760 crore. During FY20, the company allotted total equity shares worth Rs 4,455 crore to Flipkart Private Limited Singapore

Diwali props up two-wheeler sales in November, top-six firms post 16% spike

Third straight month of growth since factories and dealerships re-opened after lockdown; with festivities drying up, sales are likely to cool off

Our focus is to make an IPO-ready company, says OYO chief Ritesh Agarwal

'We'll look at various things like the market situation, opportunities outside, and so on, and the board will consider and then potentially advise on the timeline,' Agarwal said

Auto sales contract in November as firms enforce inventory control

Sales higher than previous year, but lower than October

Meet Peter Kerkar, the man behind a travel firm's unpleasant journey

A travel and tourism competitor, who met Kerkar at corporate events, says, "He seemed to have many irons in the fire, and it was hard to tell how these businesses were all doing"

Reliance Industries tops Fortune India-500 list second year in a row

Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10

Sharp stock gains, 5G uncertainty cap further upsides for Tech Mahindra

Improving margin trajectory, enterprise segment growth are positives

Volume recovery to support Varun Beverages, stock outperforms

Bunching up of festive season in Q4CY20, resumption of public transport aiding on-the-go consumption, continuing in-home consumption trend bode well for the firm going forward

Bank stocks not pricing in asset quality risks, investors must book profits

As Supreme Court vacates stay on NPA recognition, bad loans are set to spike; weak growth may also compound the problem

Coal India reports 3.4% rise in production to 52 mn tonnes in November

Production during April-November 2020 increased to 334.5 MT, over 330.4 MT in the corresponding period of 2019-20, it added

After walkout fiasco, DHFL extends deadline for fresh bids to Dec 14

Value maximisation should be core principle: former AG Mukul Rohatgi

Wockhardt in talks with global vaccine firms for contract manufacturing

UK site would fill-finish 100 mn doses of AstraZeneca vaccine, has 350 mn dose capacity; Aurangabad can make has 1 bn doses, vaccine raw materials

Australia a key market, Ola says amid reports of reduced operations

At a time when Covid-19 is pounding the transportation industry, it has been reported that Ola has closed local driver offices in Australia and suspended personal accident insurance for drivers there

Deal talks between Embassy, logistic firms hit an impasse on valuation

Warburg Pincus has 70 per cent in the joint venture while Embassy has 30 per cent